Manhattan Associates, Inc. (NASDAQ:MANH) – Equities research analysts at SunTrust Banks lowered their FY2018 earnings per share estimates for Manhattan Associates in a report released on Tuesday. SunTrust Banks analyst T. Tillman now anticipates that the software maker will post earnings per share of $1.79 for the year, down from their prior estimate of $1.90. SunTrust Banks currently has a “Buy” rating and a $55.00 price target on the stock. SunTrust Banks also issued estimates for Manhattan Associates’ Q4 2018 earnings at $0.43 EPS.

Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Thursday, July 20th. The software maker reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $154.10 million during the quarter, compared to analyst estimates of $153.80 million. Manhattan Associates had a return on equity of 75.58% and a net margin of 20.55%. Manhattan Associates’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share.

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Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised Manhattan Associates from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.00.

Manhattan Associates (NASDAQ:MANH) traded up 2.031% during trading on Thursday, reaching $46.465. The company had a trading volume of 231,151 shares. The firm has a market capitalization of $3.20 billion, a P/E ratio of 26.843 and a beta of 1.12. Manhattan Associates has a 52 week low of $40.83 and a 52 week high of $59.60. The stock has a 50 day moving average price of $42.74 and a 200 day moving average price of $45.90.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Manhattan Associates by 41.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,493 shares of the software maker’s stock worth $120,000 after acquiring an additional 726 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Manhattan Associates by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,554 shares of the software maker’s stock worth $123,000 after acquiring an additional 271 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of Manhattan Associates by 105.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 3,761 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,929 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Manhattan Associates by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,760 shares of the software maker’s stock worth $181,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Lloyds Banking Group plc boosted its stake in shares of Manhattan Associates by 62.0% during the 2nd quarter. Lloyds Banking Group plc now owns 3,934 shares of the software maker’s stock worth $189,000 after acquiring an additional 1,505 shares in the last quarter.

Manhattan Associates Company Profile

Manhattan Associates, Inc (Manhattan) is a developer and provider of supply chain commerce solutions. The Company operates through three geographical segments: the Americas, Europe, Middle East and Africa (EMEA), and the Asia Pacific (APAC). It is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations.

Earnings History and Estimates for Manhattan Associates (NASDAQ:MANH)

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